: R% ?/ h+ p1 _5 @1 e4 I) J# ^6 LI think I'll still stay away from US stocks that put their focus on US domestic market. International conglomerates and ADRs are still attractive since their income/assets are dominated in currencies other than US$. 0 d( X# p. ^4 q8 } a% {" o5 o + n6 _% x4 W) e2 UWoohoo...time to realize some profits (especially on oil and gas stocks) today!& c8 B: J) r; f! M( }1 m6 D
9 c0 {- S. i0 C% T7 a3 F- ]An option for diversifying away US$ risk from personal experience - I went to Beijing to open a premium account with the Hong Kong Bank which allows me to operate the account globally. I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.# u8 k. R7 h% ]9 |4 N
China seemingly insatiable demand for copper,iron ore, nickel and other metals seems set to continue. it would be a Chinese economic slowdown, not a collapse of house prices in USA, that would spell bad news for the mining sector. 8 N& l- b/ ^. L6 G. Z, L. U _9 `$ P
GO! GO! RIO
原帖由 MiliCat 于 2007-9-18 13:06 发表 3 u" _1 M$ Y8 V2 l" J* o4 [4 f% l' ~4 CRight on! 6 @7 A5 x! E3 B- I- w
I made use of the allowable US$50,000 conversion limit to get the maximum RMB allowed and took a free ride on RMB's appreciation.
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Are you kidding? . I( o" w% S8 k+ C( y' T, x1 e
1 n0 e, Z2 s; h- LRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB cannot be exchanged both ways freely, making it actually worse than the USD.
原帖由 Z 于 2007-9-18 14:16 发表 8 e6 h% c# l) Z# ?$ m; g* k5 L! F$ a5 W) {; ^
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Are you kidding? ; Z$ v3 ]5 `! G9 w, S: v! R# A1 I
' A) B v1 |; ZRMB is the worst currency possible. It went straight down into the toilet along with the USD. It was 1/5 CND 5 years ago and it's less than 1/7 now. Plus, RMB canno ...
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3 Y+ P+ N( s: Q1 _But you also need to see that there is a higher return rate on RMB assets. Think a about it. If you bought 1 yuan stock in Chinese stock market 1.5 year ago, now it will end up with 4 yuan. at the same time TSX went up only 27%